Launching the national privatization strategy…and 5 major programs that support the private sector
Today, Thursday, the Minister of Finance, Mohammed Al-Jadaan, announced the start of implementing the National Privatization Strategy, which was approved by the Council of Ministers on November 25, 2025, and which aims to raise the quality and efficiency of infrastructure and advance public services provided to the Kingdom’s residents.
This strategy seeks to enhance the role of the private sector in Sustainable economic development, enabling the government to focus on its legislative, supervisory, and regulatory role, and enhancing its financial sustainability; In line with the objectives of the Kingdom’s Vision 2030.
Ending the Privatization Program
The Minister of Finance, Chairman of the Board of Directors of the National Privatization Center, noted the approval of the Council of Economic and Development Affairs on Ending the privatization program, after completing the implementation of its work and initiatives in accordance with the approved plan.
He explained that the privatization program has achieved a number of achievements since its launch, the most notable of which are: the establishment of the National Center for Privatization, which created more than 200 approved projects with investments estimated at a total value of 800 billion riyals, and the signing of nearly 90 contracts that varied between ownership transfer contracts and partnerships between the public and private sectors in several sectors, in addition to Its contribution to enhancing the role of the private sector, raising the efficiency of operating government assets, and developing the legislative and regulatory environment supportive of investment, in a way that supports economic diversification and raises the competitiveness of the Kingdom.
He said: "In the Kingdom, we seek to establish a future infrastructure of high quality and efficiency, which enables the provision of public services of the best in the world to citizens, residents and visitors, and enhances the Kingdom’s position as a global reference in the field of Public-private partnership"
Objectives of the National Privatization Strategy
The National Privatization Strategy aims to raise the level of satisfaction with the services provided to citizens, residents and visitors in 18 sectors targeting the creation of tens of thousands of quality jobs, and for the total number of contracts signed resulting from the partnership between the public and private sectors to reach more than 220 contracts until the year 2030, and for the value of capital investments from the private sector to exceed 240 billion riyals until the year 2030.
The strategy was developed. National Privatization, 5 major programs to enable and improve the privatization system, and 42 implementation initiatives; To achieve its goals and the objectives of the Kingdom’s Vision 2030 related to privatization, it also includes an executive program concerned with identifying and arranging priority privatization opportunities, as more than 145 priority opportunities have been identified, representing attractive investment opportunities for the private sector.
The launch of the national privatization strategy comes to announce the end of the privatization program according to the plan that was drawn up for it when it was launched in 2018, and the transition from the establishment stage that the program completed successfully to the implementation stage and pushing the wheel of achievement, The privatization program was able to achieve the primary purpose of its establishment.
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